Steel Mills
New Chief and Deputy CFOs at Severstal NA
Written by Sandy Williams
September 17, 2013
Severstal North America announced the appointment of Olga Petrova as new Chief Financial Officer. Petrova will succeed Interim CFO Michael Tuomey who has been appointed Deputy Chief Financial Officer.
Petrova held the position of Head of Business the Planning and Controlling at parent company OAO Severstal since 2011. Her background includes high-level financial positions at Shell Exploration and Production, Schlumberger and PepsiCo.
“I am confident that Olga will be an invaluable asset to our organization as we move forward to position our company as a high-performing, customer-oriented steel supplier of choice,” said Saikat Dey, CEO, Severstal North America.
Tuomey has been with Severstal and its predecessor companies for 28 years, most recently holding the position of Director of Corporate Accounting and Controlling and Interim CFO.
“Mike’s dedication, broad business experience in the industry and overall knowledge of SNA’s financial systems will be instrumental in helping the company be more responsive to customer and employee needs,” commented Dey.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production eases to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.